Looking for a reversal on theater stocks in the next week or so. Theaters are taking a hit currently, but theaters continue to re-open across the country. San Fran re-opens next week and they are I believe the 3rd largest market. I do think Halloween will drive some interest as well as people seek a return to "normalcy."
NCMI is turning around. Got back in it yesterday.
Should be a good long term hold. Months or years.
Prudent people will not fill theatres for a while.
I own it, but will not likely take short term profits. Otoh, I understand why you would play the volatility.